Need A Financial Product Forums Tax Savings Do I need to pay fine on missed ITRs

This topic contains 1 reply, has 2 voices, and was last updated by  Sandeep Padave 2 years, 1 month ago.

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  • #48276

    I missed to file last 2 years income tax returns because of my health issues. I have genuine reports to prove my point. I don’t have any outstanding tax liability and whatever tax was due has already been deducted as TDS. IF I file now, will I need to pay a heavy penalty? Is there any way I can reduce this fine?

    #48277

    Since your reason sound to be genuine, I don’t think that the assessing officer will impose any penalty. File your ITR without worrying.

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